Loans Receivable Held for Investment (Tables)

6 Months Ended

Jun. 30, 2019

Loans Receivable Held for Investment

Schedule of loans receivable held for investment

	June 30, 2019		December 31, 2018
	(In thousands)
Real estate:
Single family	$	85,107	$	91,835
Multi-family		238,718		231,870
Commercial real estate		6,429		5,802
Church		22,553		25,934
Construction		2,246		1,876
Commercial – other		264		226
Consumer		12		5
Gross loans receivable before deferred loan costs and premiums		355,329		357,548
Unamortized net deferred loan costs and premiums		784		937
Gross loans receivable		356,113		358,485
Allowance for loan losses		(2,771)		(2,929)
Loans receivable, net	$	353,342	$	355,556

Schedule of activity in the allowance for loan losses by loan type

	Three Months Ended June 30, 2019
	Real Estate
	Single		Multi-		Commercial						Commercial
	family		family		real estate		Church		Construction		- other		Consumer		Total
	(In thousands)
Beginning balance	$	347	$	1,990	$	62	$	507	$	18	$	5	$	—	$	2,929
Provision for (recapture of) loan losses		(19)		(58)		(4)		(106)		26		—		3		(158)
Recoveries		—		—		—		—		—		—		—		—
Loans charged off		—		—		—		—		—		—		—		—
Ending balance	$	328	$	1,932	$	58	$	401	$	44	$	5	$	3	$	2,771

	Three Months Ended June 30, 2018
	Real Estate
	Single		Multi-		Commercial						Commercial
	family		family		real estate		Church		Construction		- other		Consumer		Total
	(In thousands)
Beginning balance	$	588	$	2,508	$	65	$	1,005	$	11	$	6	$	—	$	4,183
Provision for (recapture of) loan losses		(71)		148		(4)		(80)		7		—		—		—
Recoveries		—		—		—		—		—		—		—		—
Loans charged off		—		—		—		—		—		—		—		—
Ending balance	$	517	$	2,656	$	61	$	925	$	18	$	6	$	—	$	4,183

	Six Months Ended June 30, 2019
	Real Estate
	Single		Multi-		Commercial						Commercial
	family		family		real estate		Church		Construction		- other		Consumer		Total
	(In thousands)
Beginning balance	$	369	$	1,880	$	52	$	603	$	19	$	6	$	—	$	2,929
Provision for (recapture of) loan losses		(41)		52		6		(392)		25		(1)		3		(348)
Recoveries		—		—		—		190		—		—		—		190
Loans charged off		—		—		—		—		—		—		—		—
Ending balance	$	328	$	1,932	$	58	$	401	$	44	$	5	$	3	$	2,771

	Six Months Ended June 30, 2018
	Real Estate
	Single		Multi-		Commercial						Commercial
	family		family		real estate		Church		Construction		- other		Consumer		Total
	(In thousands)
Beginning balance	$	594	$	2,300	$	71	$	1,081	$	17	$	6	$	—	$	4,069
Provision for (recapture of) loan losses		(77)		356		(10)		(270)		1		—		—		—
Recoveries		—		—		—		114		—		—		—		114
Loans charged off		—		—		—		—		—		—		—		—
Ending balance	$	517	$	2,656	$	61	$	925	$	18	$	6	$	—	$	4,183

Schedule of allowance for loan losses and recorded investment in loans by type of loans and based on impairment method

	June 30, 2019
	Real Estate
	Single		Multi-		Commercial						Commercial
	family		family		real estate		Church		Construction		- other		Consumer		Total
	(In thousands)
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	37	$	—	$	—	$	96	$	—	$	3	$	—	$	136
Collectively evaluated for impairment		291		1,932		58		305		44		2		3		2,635
Total ending allowance balance	$	328	$	1,932	$	58	$	401	$	44	$	5	$	3	$	2,771
Loans:
Loans individually evaluated for impairment	$	636	$	318	$	—	$	4,703	$	—	$	63	$	—	$	5,720
Loans collectively evaluated for impairment		84,755		239,582		6,436		17,165		2,242		201		12		350,393
Total ending loans balance	$	85,391	$	239,900	$	6,436	$	21,868	$	2,242	$	264	$	12	$	356,113

	December 31, 2018
	Real Estate
	Single		Multi-		Commercial						Commercial
	family		family		real estate		Church		Construction		- other		Consumer		Total
	(In thousands)
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	53	$	—	$	—	$	170	$	—	$	4	$	—	$	227
Collectively evaluated for impairment		316		1,880		52		433		19		2		—		2,702
Total ending allowance balance	$	369	$	1,880	$	52	$	603	$	19	$	6	$	—	$	2,929
Loans:
Loans individually evaluated for impairment	$	610	$	323	$	—	$	5,383	$	—	$	64	$	—	$	6,380
Loans collectively evaluated for impairment		91,567		232,986		5,800		19,713		1,872		162		5		352,105
Total ending loans balance	$	92,177	$	233,309	$	5,800	$	25,096	$	1,872	$	226	$	5	$	358,485

Schedule of loans individually evaluated for impairment by loan type

	June 30, 2019						December 31, 2018
					Allowance						Allowance
	Unpaid				for Loan		Unpaid				for Loan
	Principal		Recorded		Losses		Principal		Recorded		Losses
	Balance		Investment		Allocated		Balance		Investment		Allocated
	(In thousands)
With no related allowance recorded:
Single family	$	34	$	34	$	—	$	—	$	—	$	—
Multi-family	$	318	$	318	$	—	$	323	$	323	$	—
Church	$	4,079	$	2,723	$	—	$	4,666	$	2,803	$	—
With an allowance recorded:
Single family		602		602		37		610		610		53
Church		1,980		1,980		96		2,580		2,580		170
Commercial - other		63		63		3		64		64		4
Total	$	7,076	$	5,720	$	136	$	8,243	$	6,380	$	227

Schedule of average of loans individually evaluated for impairment by loan type and related interest income

	Three Months Ended June 30, 2019				Three Months Ended June 30, 2018
			Cash Basis				Cash Basis
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
	(In thousands)
Single family	$	638	$	5	$	620	$	7
Multi-family		320		5		331		6
Church		4,741		402		7,692		112
Commercial – other		63		—		65		1
Total	$	5,762	$	412	$	8,708	$	126

	Six Months Ended June 30, 2019				Six Months Ended June 30, 2018
			Cash Basis				Cash Basis
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
	(In thousands)
Single family	$	640	$	15	$	622	$	15
Multi-family		321		11		331		12
Church		5,383		517		7,849		286
Commercial – other		64		2		65		2
Total	$	6,408	$	545	$	8,867	$	315

Schedule of aging of the recorded investment in past due loans by loan type

	June 30, 2019
					Greater
	30-59		60-89		than
	Days		Days		90 Days		Total
	Past Due		Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Loans receivable held for investment:
Single family	$	36	$	—	$	34	$	70	$	85,321	$	85,391
Multi-family		—		—		—		—		239,900		239,900
Commercial real estate		—		—		—		—		6,436		6,436
Church		—		—		—		—		21,868		21,868
Construction		—		—		—		—		2,242		2,242
Commercial - other		—		—		—		—		264		264
Consumer		—		—		—		—		12		12
Total	$	36	$	—	$	34	$	70	$	356,043	$	356,113

	December 31, 2018
					Greater
	30-59		60-89		than
	Days		Days		90 Days		Total
	Past Due		Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Loans receivable held for investment:
Single family	$	35	$	—	$	—	$	35	$	92,142	$	92,177
Multi-family		—		—		—		—		233,309		233,309
Commercial real estate		—		—		—		—		5,800		5,800
Church		—		—		—		—		25,096		25,096
Construction		—		—		—		—		1,872		1,872
Commercial - other		—		—		—		—		226		226
Consumer		—		—		—		—		5		5
Total	$	35	$	—	$	—	$	35	$	358,450	$	358,485

Schedule of recorded investment in non-accrual loans by loan type

	June 30, 2019		December 31, 2018
	(In thousands)
Loans receivable held for investment:
Single-family residence	$	34	$	—
Church	$	694	$	911
Total non-accrual loans	$	728	$	911

Schedule of risk categories of loans by loan type

	June 30, 2019
	Pass		Watch		Special Mention		Substandard		Doubtful		Loss
	(In thousands)
Single family	$	85,348	$	—	$	—	$	43	$	—	$	—
Multi-family		238,714		—		532		654		—		—
Commercial real estate		6,436		—		—		—		—		—
Church		17,179		418		255		4,016		—		—
Construction		2,242		—		—		—		—		—
Commercial - other		201		—		—		63		—		—
Consumer		12		—		—		—		—		—
Total	$	350,132	$	418	$	787	$	4,776	$	—	$	—

	December 31, 2018
	Pass		Watch		Special Mention		Substandard		Doubtful		Loss
	(In thousands)
Single family	$	92,132	$	—	$	35	$	10	$	—	$	—
Multi-family		232,642		—		—		667		—		—
Commercial real estate		5,800		—		—		—		—		—
Church		19,678		672		—		4,746		—		—
Construction		1,872		—		—		—		—		—
Commercial - other		162		—		—		64		—		—
Consumer		5		—		—		—		—		—
Total	$	352,291	$	672	$	35	$	5,487	$	—	$	—